Vero Heritage Inc

Analysis

Vero Heritage Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Vero Heritage Inc reported income of $220k and spending of $246k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $143k to $220k (+54%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 46%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vero Heritage Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Girls Rock Rochester Inc ($220k), Robert Brady Museum Foundation ($220k) and Malama Pupukea-Waimea ($220k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 39% of the total. Other salaries and wages came to $69k. At year end it held assets of $178k against liabilities of $97k, net assets of $81k. It reported 5 employees.